I feel this is a little insulting for those of us who work hard to service companies like this. We are putting wear and tear on our vehicles, spending a few hours per order taking pictures and filling out their cumbersome forms making sure to cross every t and dot every i. And then they want to pay us less.
They should be sending an email out to all of us stating that they will pay $5 - $10 dollars more per order not less.
Soon these companies are going to ask us to pay them to complete BPO assignments.
As agents we have to band together and stop doing BPO's for these ridicules prices.
I would love to hear what you all think about doing BPO's for less than what you are currently completing them for.
Please let me know if I am out of line with the way I am thinking.
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I had mentioned this was the year we were going to see the $15.00 BPO and people laughed at me.....people thought I was crazy but, I will say it again because it's true. $15.00 BPOs are on the way because this industry has agents out there that will do it for $15.00...............and less!
As I have said before, this industry hasn't done anything creative to change the way we do business so, for companies to make money while nationwide inventories shrink they have go to reduce expenses. This include how much they pay out to Realtors.
Now, here is what is going to happen. This industry is going to turn very hard toward technological solutions that can futher reduce expenses. This industry will innovate however, I don't know exactly where the tipping point is. It may simply take a leader to come out of no where whith a technological platform that does everything....very well, better than what's currently out there, ties all together all the different technologies from across all the platforms from, MLS, Smart Phones, Email, Web Presence, Property Preservation, Dispositions, Short Sales...etc........and, do it all for little to nothing.
Once the technology catches up, we will then see our industry swing back towards quality vs. quantity but, that may be a way off.
It will be interesting to see how things pan out.
Thanks for your input.
Secured Lending is a great company to do bpo's for and they pay fast even though they try to sway your values all the time.